Dubai Land Department (DLD) figures for August show transaction volumes were down 37% and sale values down 44% year-on-year in the month. Taken alone, the headline numbers describe a market in decline.
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Oil prices were heading for their strongest weekly gain since mid-July on Friday as renewed fighting between the United States and Iran heightened concerns over disruptions to Middle East energy supplies.
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The US military escorted 40 commercial vessels carrying about 18 million barrels of oil through the Strait of Hormuz on Tuesday, a wartime record, as Washington and Tehran traded their heaviest blows in weeks, CNN reported, citing two US officials familiar with the operation.
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Saudi Arabia's National Water Company plans to tender later this year 51 sewage treatment plants with a total treatment capacity of 888,000 cu m per day. These projects will see private-sector partners undertake the rehabilitation, operation and maintenance services for a 15-year period.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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Saudi builder Safari Construction has secured the main contract for the expansion of Hail International Airport. The scope of work includes rehabilitation of the existing terminal, construction of new airport facilities as well as development of associated infrastructure.
The UAE’s development drive will continue without waiting for “perfect conditions,” with the government moving ahead with major projects, economic initiatives and reforms, Vice President and Prime Minister HH Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
The Saudi Ministry of Foreign Affairs has condemned Iran's targeting of the Saudi tanker Sidr while it was transiting the Strait of Hormuz, which resulted in fatalities among the crew.
World's third largest cybersecurity event enters a new era at Dubai Exhibition Centre with expanded global footprint, flagship leadership summit and new quantum security agenda.
The global economy has proved more resilient than expected in the face of the energy supply shock triggered by the conflict in the Gulf, with global growth for 2026 holding at around 3%, International Monetary Fund Managing Director Kristalina Georgieva said.
Oil prices rose nearly 1% in early trade on Wednesday, extending the previous session's surge, as concerns over supply disruption.
Arada, one of the world’s fastest-growing master developers, has announced its entry into the Syria through a joint venture with the state-owned Syrian Sovereign Fund. The joint venture’s first project will be the development of a major new fully integrated city on a four million square metre site west of Damascus.
The United States carried out a fresh wave of strikes against Iranian military targets on Tuesday, while Iran retaliated with missile attacks targeting US-linked positions and activating air defences across several Gulf states.
Global semiconductor company AMD and Humain, Saudi Arabia’s new AI enterprise, have announced a landmark investment of up to $10 billion to build a next-generation AI infrastructure ecosystem spanning Saudi Arabia and the US.
Capstone Real Estate has announced a strategic partnership with Keyper to introduce the Rent Now, Pay Monthly (RNPM) digital system to its tenants in Abu Dhabi, thus providing greater flexibility and convenience in managing rental payments.
The Global Innovation Hub, a curated arena at Middle East Energy, brought together real innovators and breakthrough technologies across smart grids, storage, hydrogen and digital energy solutions.
Riyadh Air has launched direct flights between King Khalid International Airport in Riyadh and Suvarnabhumi International Airport in Bangkok, strengthening air connectivity between Saudi Arabia and Thailand.
Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a more than $100 million deal under which PayTabs will acquire Amazon's Middle East and North Africa (MENA) payments operations, a transaction that will further consolidate the region's fragmented payments market.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
The fifth auction held as part of the 23rd edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) 2026 attracted remarkable turnout, culminating in the sale of a Qarmousha Pure Ultra White falcon for AED1.5 million ($408,000).
EYWA Way of Water, a waterfront residential project featuring 65 luxury residences in Dubai's Business Bay district, is targeting certification for electromagnetic exposure alongside top international wellness and sustainability standards. The premium development is due for completion in 2028.
UAE professionals are putting down career roots in the country, but many are still staying on the sidelines of the professional networks that could help them access visibility and opportunity.
Hassan Allam Holding has announced that its key subsidiary, Kortech, has won the MEP works contract from Saudi Entertainment Ventures (SEVEN) for its premium Al Khobar Entertainment Complex. The scope of work includes an underground car park, family entertainment centre as well as a cinema.
Companies listed on GCC exchanges reported aggregate net profits of $74.8 billion in Q2, up 31.3% over previous year. At the country level, the profit growth was led by Kuwait, Saudi Arabia, UAE and Oman, where firms posted double-digit y-o-y increases, according to Kamco Invest.
Nutanix, a leader in hybrid multicloud computing, has announced the availability of Nutanix Cloud Clusters (NC2) on Google Cloud in the Google Cloud Dammam region.
Chinese automobile manufacturer ROX has completed its Advanced AI Manufacturing Centre in Abu Dhabi and commenced local vehicle production, with the first three ROX Adamas vehicles carrying the “Made in the Emirates” mark rolling off the production line.
More than 2,000 African and global business leaders plus heads of state will gather in New York from September 20 to 21 to take part in Unstoppable Africa.
Sharjah Ruler Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Federal Supreme Council, has approved raising the “dignified living allowance” for Sharjah government employees and other beneficiaries to AED20,000 a month ($5,445.88), at an annual cost exceeding AED1.187 billion, effective September.
